Yes, please don't tell the kids dear old Enid is blowing their inheritance. They're liable to have me committed, or at least gin up an intervention, if they knew I bought a few silver coins today. Not a lot, believe me, but when SLV plowed through $34.45 like a McCormick reaper on a half acre field, I got a tad heated. So here's the plan: as long as SLV is below $34.45, we'll dollar cost average a couple of coins each month and let the chips fall where they may.
The investment winds shifted unbelievably fast this week and we're likely to face our first test with a truly bearish market. Our investments are long term proposistions. I like to think we're sailing a fixed keel boat, not a centerboard board. We have no sell signals for bonds and precious metals. If need be, we'll sell other holdings based on either a 13/34 weekly moving average cross or dividend yield criteria. At least as of tonight, nothing meets our "sell" criteria.
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